Long lasting impacts | Financial wellbeing in a post-pandemic world

The past 18 months has tested everyone and undoubtedly had a lasting effect on our society. Employers have had to react quickly to what felt like constantly changing restrictions, to put the health and safety of their employees above all else.

With many businesses forced to close or operate remotely for such a prolonged period the economic impact is certain to be ongoing for some time to come, and the impact on the financial wellbeing of millions of working Brits is already significant

Following our recent report, Building Employee Resilience, we delved into the specific impact of COVID-19 on UK households and uncovered some issues that employers may not realise are placing a strain on their home lives.

An employee's level of financial wellbeing is not always determined by their income, but more so by their attitude, habits and behaviours. Where some people have found they have been able to spend less and save more through the lockdown, others have found their outgoings and spending habits have changed drastically, and are no longer able to cope.